NT Whitaker Limited 11422655 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is Letting and operating of own or leased real estate Digita Accounts Production Advanced 6.30.9574.0 true true 11422655 2022-07-01 2023-06-30 11422655 2023-06-30 11422655 bus:OrdinaryShareClass1 2023-06-30 11422655 core:CurrentFinancialInstruments 2023-06-30 11422655 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 11422655 core:Non-currentFinancialInstruments 2023-06-30 11422655 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 11422655 core:LandBuildings core:OwnedOrFreeholdAssets 2023-06-30 11422655 bus:SmallEntities 2022-07-01 2023-06-30 11422655 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 11422655 bus:FilletedAccounts 2022-07-01 2023-06-30 11422655 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 11422655 bus:RegisteredOffice 2022-07-01 2023-06-30 11422655 bus:Director1 2022-07-01 2023-06-30 11422655 bus:Director2 2022-07-01 2023-06-30 11422655 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 11422655 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 11422655 core:Buildings 2022-07-01 2023-06-30 11422655 core:LandBuildings core:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 11422655 countries:EnglandWales 2022-07-01 2023-06-30 11422655 2022-06-30 11422655 core:LandBuildings core:OwnedOrFreeholdAssets 2022-06-30 11422655 2021-07-01 2022-06-30 11422655 2022-06-30 11422655 bus:OrdinaryShareClass1 2022-06-30 11422655 core:CurrentFinancialInstruments 2022-06-30 11422655 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 11422655 core:Non-currentFinancialInstruments 2022-06-30 11422655 core:Non-currentFinancialInstruments core:AfterOneYear 2022-06-30 11422655 core:LandBuildings core:OwnedOrFreeholdAssets 2022-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11422655

NT Whitaker Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2023

 

NT Whitaker Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

NT Whitaker Limited

Company Information

Directors

Nicholas Charles Whitaker

Tomas Charles Whitaker

Registered office

Cornfields Wrights Green Lane
Little Hallingbury
Bishop's Stortford
CM22 7RL

Accountants

Mansell & Co
Chartered Certified Accountants
5 Ducketts Wharf
South Street
Bishop's Stortford
Hertfordshire
CM23 3AR

 

NT Whitaker Limited

(Registration number: 11422655)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

282,500

572,500

Current assets

 

Debtors

5

10,832

5,897

Cash at bank and in hand

 

135,026

-

 

145,858

5,897

Creditors: Amounts falling due within one year

6

(29,677)

(9,329)

Net current assets/(liabilities)

 

116,181

(3,432)

Total assets less current liabilities

 

398,681

569,068

Creditors: Amounts falling due after more than one year

6

(292,024)

(557,548)

Net assets

 

106,657

11,520

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

106,655

11,518

Shareholders' funds

 

106,657

11,520

For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 March 2024 and signed on its behalf by:
 

.........................................
Nicholas Charles Whitaker
Director

.........................................
Tomas Charles Whitaker
Director

 
     
 

NT Whitaker Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Cornfields Wrights Green Lane
Little Hallingbury
Bishop's Stortford
CM22 7RL
England

These financial statements were authorised for issue by the Board on 20 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

NT Whitaker Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Buildings

0%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

NT Whitaker Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 July 2022

572,500

572,500

Disposals

(290,000)

(290,000)

At 30 June 2023

282,500

282,500

Depreciation

Carrying amount

At 30 June 2023

282,500

282,500

At 30 June 2022

572,500

572,500

Included within the net book value of land and buildings above is £282,500 (2022 - £572,500) in respect of freehold land and buildings.
 

5

Debtors

Current

2023
£

2022
£

Other debtors

10,832

5,897

 

10,832

5,897

 

NT Whitaker Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

1,600

3,034

Taxation and social security

 

27,081

5,311

Accruals and deferred income

 

996

984

 

29,677

9,329

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

292,024

557,548

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

       

8

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

11,647

13,383

Other borrowings

280,377

544,165

292,024

557,548

Current loans and borrowings

2023
£

2022
£

Bank borrowings

1,600

1,600

Bank overdrafts

-

1,434

1,600

3,034